out the attack against saudi oil facilities taking about 5 percent of global supply off the market rosneft the world's largest oil company is moving quickly to offer deals for reliable future supplies to india on tuesday rosneft chairman igor suchan were met with indian minister for oil gas and steel their mentor production in new delhi for talks on terms of trade in oil rosneft confirmed in a statement that tuesday's talks were occurring in light of the recent attacks and said both sides agreed to accelerate cooperation aimed at strengthening india's and energy security and supplying indian consumers with quality crude in oil products rosneft has considerable room under a recent deal with opec to increase output levels as well as a technical technical capacity to do so relatively quickly and he imports roughly 80 percent of its crude oil supply while rosneft holds a 49 percent stake in the owner of madame r. in the 2nd largest oil refinery. and joining us now to discuss interest rates medals and all your favorite topics is peter schiff of euro pacific capital peter welcome back and there'

capacity to do so relatively quickly and imports roughly 80 percent of its crude oil supply while rosneft holds a 49 percent stake in the owner of madame r. in the 2nd largest oil refinery. and joining us now to discuss interest rates metals and all your favorite topics is peter schiff of euro pacific capital peter welcome back and there's so much to get to since we last spoke but including oil but i want to start by getting your take on the latest federal reserve news breaking tuesday afternoon an interest rate cut is of course expected at this week's open market committee seems like a fait accompli but in the meantime the wall street journal says the fed reportedly had to take action to keep the federal funds rate in their target range with $53000000000.00 and repurchase agreements fox business and other outlets say was caused more closer to a $75000000000.00 intervention diagram the mechanism of this intervention for us and what are the implications of this fed action moving forward. well 1st of all i think the financial media and wall street is being must too complacent about what's h

largest oil company is moving quickly to offer deals for reliable future supplies to india on tuesday rosneft chairman igor sachin were met with indian minister for oil gas and steel dementor production in new delhi for talks on terms of trade in oil.